Home / News / Crops news / Corn, soybean prices to dip Thursday

Corn, soybean prices to dip Thursday

Updated: 07/18/2013 @ 11:20am

On Thursday, the CME Group's corn, soybean, and wheat markets lean lower.

The early calls for the commodities on Thursday, July 18, 2013, are mixed. Corn is seen opening 4 to 6 cents lower, soybeans 5 to 7 cents lower, and wheat 1 to 2 cents higher.

In overnight trading, the Sept. corn futures contract traded 4 cents lower at $5.34 per bushel. Dec. corn futures traded 6 cents lower at $4.96 per bushel. Aug. soybean futures traded 5 cents lower at $14.72, while the Nov. soybean futures traded 8 cents lower at $12.75. The Sept. wheat futures contract traded 1 cent higher at $6.66. For Dec. soybean meal futures, the contract traded $5.20 per short ton lower at $380.80; Dec. soybean oil futures traded 16 cents higher at $45.67.

The outside markets are unfavorable for Thursday's grain trade. The real factors driving the calls will be the mixed overnight markets.

Discuss the corn, soybean, and wheat markets in Marketing Talk.

CancelPost Comment

2016 Basis Prices Vary Widely Depending on… By: 11/25/2015 @ 2:24pm This marketing year, farmers who are looking to pick up a few more cents per bushel for their corn…

Soybeans Close 11¢ Higher Wednesday By: 11/25/2015 @ 8:48am DES MOINES, Iowa (Agriculture.com)--On Wednesday, the bulls stole the feast from the bears, with…

Soybeans, Corn End Lower Tuesday By: 11/24/2015 @ 8:50am DES MOINES, Iowa (Agriculture.com)-- On Tuesday, the CME Group's corn, soybean and wheat…

This container should display a .swf file. If not, you may need to upgrade your Flash player.
Successful Marketing Newsletter